Industry Analysis & Industry Trends
Driven by government support and increasing demand from patients, the development of traditional Chinese medicine (TCM) hospitals has accelerated in recent years. In 2014, revenue for this industry is expected to increase to $36.9 billion, up 13.8% from 2013 and representing annualized growth of 16.2% from 2009.
For the Traditional Chinese Medicine Hospital industry, a growing number of patients has ensured revenue and profitability increases. Profitability is expected to rise from 0.9% in 2007 to an estimated 4.0% in 2014. The scale of traditional Chinese medicine hospitals has also been expanding. There are about 2,971 traditional Chinese medicine hospitals in China, with 208 beds each on average.... purchase to read more
Industry Report - Industry Locations Chapter
The geographic spread of traditional Chinese medicine hospitals and the relevant beds are consistent with the regional population number in general.
Guangdong province has China's largest population number, accounting for about 7.8% of total. It is also one of China's most developed regions. In 2014, about 5.3% of total traditional Chinese medicine hospitals are expected to locate in Guangdong province, with 6.8% of beds proportions. With large populations, Henan and Shandong provinces also have relatively more traditional Chinese medicine hospitals and beds number than other provinces and regions... purchase to read more